USD/INR registers seven-day winning streak. Global policymakers outstretch efforts to tame the coronavirus pandemic. Cases spread speedily in South Korea, the US and Europe. With the coronavirus (COVID-19) updates keep fueling the risk-aversion, USD/INR surges to 17-month high beyond 74.00, currently down 0.20% near 73.98, during the initial Indian session on Monday. Although cases in South Korea and China have been declining off-late, the surge in the numbers from the US and Europe keeps fueling the fears that the global markets are up for a toss due to the deadly virus. While portraying the risk-off the US treasury yields for 10 and 30 years’ tenure drop to the fresh record lows whereas are keeping the red with near 3.0% losses in China and 4% down in India. US President Donald Trump is considering putting together extra measures to added coronavirus economic impact while Japanese Finance Minister Taro Aso gave no comments on the possibility of currency intervention. Markets in India also bear the burden of the recent YES bank fiasco while coronavirus outbreak in the country continues to acquire the headlines. Given the festive mood in India, coupled with a lack of major catalysts at home, investors will keep eyes on COVID-19 news for fresh impulse. Technical Analysis October 2018 high near 75.05 is on the bulls’ radars unless USD/INR prices slip below December 2018 top close to 72.89. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK coronavirus cases rise by 30% to 273, third death reported FX Street 2 years USD/INR registers seven-day winning streak. Global policymakers outstretch efforts to tame the coronavirus pandemic. Cases spread speedily in South Korea, the US and Europe. With the coronavirus (COVID-19) updates keep fueling the risk-aversion, USD/INR surges to 17-month high beyond 74.00, currently down 0.20% near 73.98, during the initial Indian session on Monday. Although cases in South Korea and China have been declining off-late, the surge in the numbers from the US and Europe keeps fueling the fears that the global markets are up for a toss due to the deadly virus. While portraying the risk-off the US treasury yields for… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
